Common use of Vacancy where at Least One Month's Notice Clause in Contracts

Vacancy where at Least One Month's Notice. If a vacancy of a Unit occurs following at least one (1) month’s prior notification given by an Eligible Household or occurs by reason of a notice of termination or an eviction served or carried out by the Proponent, the City will pay to the Proponent an amount not exceeding 50% of the Average Market Rent for the month immediately following the vacancy, but shall make no further payments thereafter until it is leased to and occupied by an Eligible Household.